Registered Number 08716571

LLANDUDNO BAY HOTEL & SPA LIMITED

Abbreviated Accounts

31 March 2016

LLANDUDNO BAY HOTEL & SPA LIMITED Registered Number 08716571

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 157,281 -
Investments 3 2,419,499 2,034,312
2,576,780 2,034,312
Current assets
Debtors 4 2,835,876 3,076,814
Cash at bank and in hand - 335
2,835,876 3,077,149
Prepayments and accrued income - 11,365
Creditors: amounts falling due within one year (1,555,725 ) (1,646,281 )
Net current assets (liabilities) 1,280,151 1,442,233
Total assets less current liabilities 3,856,931 3,476,545
Creditors: amounts falling due after more than one year (4,691,341 ) (4,071,997 )
Accruals and deferred income (1,081,875 ) (1,079,376 )
Total net assets (liabilities) (1,916,285 ) (1,674,828 )
Capital and reserves
Called up share capital 5 100 100
Profit and loss account (1,916,385 ) (1,674,928 )
Shareholders' funds (1,916,285 ) (1,674,828 )

  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 December 2016

And signed on their behalf by:
Gavin Lee Woodhouse, Director

LLANDUDNO BAY HOTEL & SPA LIMITED Registered Number 08716571

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost of each asset to its estimated residual value on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 10 years

2 Tangible fixed assets
£
Cost
At 1 April 2015 -
Additions 176,131
Disposals -
Revaluations -
Transfers -
At 31 March 2016 176,131
Depreciation
At 1 April 2015 -
Charge for the year 18,850
On disposals -
At 31 March 2016 18,850
Net book values
At 31 March 2016 157,281
At 31 March 2015 -

3 Fixed assets Investments
Investment property comprises the freehold hotel building. The fair value of the Company's investment property at 31st March 2016, reflects the total cost incurred of purchasing the property and subsequent development of the building. The management have no reason to believe the valuation is significantly different to the cost as at 31st March 2016.

4 Debtors
2016
£
2015
£
Debtors include the following amounts due after more than one year 1,125,804 1,161,231
5 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100